Japan's Abe warns of 'confusion' without Brexit deal

2017-04-29 20:17
(File, AP)

(File, AP)

Multimedia   ·   User Galleries   ·   News in Pictures Send us your pictures  ·  Send us your stories

London - Japanese Prime Minister Shinzo Abe on Saturday urged Britain and the European Union to secure a "smooth and transparent" separation, saying that open trade in Europe was "a matter of concern to the world".

Abe met British Prime Minister Theresa May on Friday, assuring her that he "continued to trust the UK economy after separation from the European Union," he told a media conference in London on Saturday.

But he warned that "all the stakeholders, including investors from countries outside the region" needed to have "clear future prospects" in a post-Brexit Britain.

More than 1 000 Japanese companies do business in Britain, employing some 140 000 local people and Japan's direct investment in the country has topped about $96bn to date.

Trade deal

Japan has already warned that businesses with their European headquarters in the UK may decide to transfer their head-office function to continental Europe if EU laws cease to be applicable in the UK after its withdrawal.

Japan's major automakers have so far backed the British economy with Toyota announcing a major investment in a car assembly plant while Nissan gave the green light to new investments at its plant in northeast England.

The announcements raised questions about what assurances they had been offered by the British government.

EU president Donald Tusk said on Friday that Britain must first settle the divorce issues of "people, money and Ireland" before any talks on a post-Brexit trade deal.


Read more on:    theresa may  |  shinzo abe  |  uk  |  japan  |  brexit

Join the conversation!

24.com encourages commentary submitted via MyNews24. Contributions of 200 words or more will be considered for publication.

We reserve editorial discretion to decide what will be published.
Read our comments policy for guidelines on contributions.
NEXT ON NEWS24X

Inside News24

 
/News
Traffic Alerts
There are new stories on the homepage. Click here to see them.
 
English
Afrikaans
isiZulu

Hello 

Create Profile

Creating your profile will enable you to submit photos and stories to get published on News24.


Please provide a username for your profile page:

This username must be unique, cannot be edited and will be used in the URL to your profile page across the entire 24.com network.

Settings

Location Settings

News24 allows you to edit the display of certain components based on a location. If you wish to personalise the page based on your preferences, please select a location for each component and click "Submit" in order for the changes to take affect.




Facebook Sign-In

Hi News addict,

Join the News24 Community to be involved in breaking the news.

Log in with Facebook to comment and personalise news, weather and listings.